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Emily is a partner in DEF LLP, a limited liability partnership that uses the accrual basis of accounting for tax purposes. In 2023, DEF LLP

Emily is a partner in DEF LLP, a limited liability partnership that uses the accrual basis of accounting for tax purposes. In 2023, DEF LLP allocated the following net income to Emily:
Partner Allocated Net Income
Emily $200,000
Can Emily deduct this amount on her personal income tax return?

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